Gensler

What was a “shock” to oil traders was the magnitude of the distillate drawdown in last night's API. We knew that supply was tight in the Midwest as farmers are deep into the harvest — but a drop of 6.2 million barrels?

Yesterday’s hearings of the U.S. Senate’s Agriculture, Nutrition and Forestry Committee probing the MF Global and PFGBest scandals had less fireworks than past hearings but perhaps a more serious tone.